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CNBC
Oct 3, 2012 4:00pm EDT
is we've got a wonderful energy practice. we're going a lot of things. our mantra is we want to find our clients yield, growth, and inflation hedging. we're doing that across our real assets. energy, infrastructure, real estate, and that's something we're very well prepared to do and we've been able to partner with our clients and put a fair amount of capital in that space. i think that will continue to be a big area for the firm. >> what about technology? you know, larry ellison yesterday talking about growth from the cloud. that's obviously one of the themes within tech. what where are you seeing nunt tech? >> technology in the u.s. is 15% of our market cap. it's 3% in europe. it's a core competency in the u.s. what i think is happening right now is remember in 1998 the world turned down, but it was asia that was in trouble. the central banks put liquidity in and technology did well, particularly growth stocks. my view right now is instead of asia being in trouble, it's europe, but people are going to migrate towards some of the good growth stocks. you've seen that in names, you know,
CNBC
Oct 3, 2012 8:00pm EDT
a spending cut plan. he has an energy plan. he's got to make it clear. he's got to explain to people the connection between his plans and the economic recovery that we have not yet had. that's a tall order for romney. and he's going to have to fight hard for it while the, of course is attacking him. >> you said earlier i was watching kudlow and company, you said the first impression is important. he's got to swing right away. you think he'll do that? >> that's my hunch. i've seen this before. aggressive. he's got to put this sort of line in the sand. here's what i believe. and here's what he believes. and there's a big choice in this election. he is the guy who wants redistribution. i'm the guy who wants growth. he's the guy who wants government centered economy. i'm the guy for free enterprise. he's got to say that. but it's doubly hard because he's got to put meat on the bones of his tax and spend policy. to this day, people are not quite sure what mitt romney's policies are. the president doesn't have policies. romney does, but we don't understand them. >> a debate is never a good
CNBC
Oct 3, 2012 2:00pm EDT
straight to the oil trade. >> the action is certainly in the energy markets today, mandy. we are looking at oil prices now near the lows of the session. this 3% to 4% slide that we have seen both in the wti oil market and brent crude market started overnight. there was a great deal of negative sentiment with the china pmi data, eurozone pmi data, concerns about weak demand. add to that the fact that the asian development bank talked about its gdp growth forecast for 2012-2013, reduced those forecasts. there is a great deal of concern about the demand picture. that weak demand is also being seen here in the u.s. with the data we got out of the energy department showing the gasoline demand is down about 2.5% versus where it was a year ago. we're seeing gasoline futures sharply lower. even natural gas which had been on a tear six straight sessions, a huge move up there for natural gas. natural gas is actually the biggest decliner that we have here in the energy complex. back to you. >> sharon, thank you. >>> let us stay on oil. oil is one of the few things in life that we love to see the pr
CNBC
Oct 4, 2012 5:00pm EDT
the alternative energy names are places that i would want to avoid. one debate isn't enough to take it. i don't like the solar stocks. i like them less and both sectors trade it higher today. on health care, we havekhave ke book and we start off with the health care sector. >> before you think about positions yourself, i think there are a couple of things you should think about what was stated last night. the republicans focus on cost and that is what romney was saying. i think it is different on the democratic side. they are talking about access before cost. i think the second point is the how. the how is the quarterback will be the private industry and it is the insurance industry. on the democratic side it is big government and debt pan ets or whatever you want to call it. so, that is the frame against which you should think about your investment decisions. nn in my space you should be over managed care. that is the quarterback i talked about. i would be under with medical e devi devices. the paying patients coming in from obamacare would be fewer. >> is there anywhere that you think isn'
CNBC
Oct 1, 2012 4:00pm EDT
bought some stocks in are the energy area and the industrials area recently. >> were you going to just jump in? sorry about that. >> yeah, i was going to ask -- peter was talking about looking for a pullback. i think a lot of people are looking for the pullback. that's the tough part. if everyone is looking for the pullback, it may not come or when we want it. it could be put off for quite a ways. >> that's a good point. what about that? you don't want to fight the fed, right? >> yeah, i guess not, but i think the market is kind of at least at a stalemate with the fed here. if you look back to when qe 3 was announced, we're just about even, maybe a little bit higher. i think that, to me, is a big warning sign that, you know, how long is it going to be? what point does the market become qe resistant? we're testing that thesis right now. i'm looking at some of the other factors. i'm looking at insider selling right now which is about 11 times higher than insider buying during september. so somebody out there is getting scared. i think that's a lot of the reasons we talk about often. fina
CNBC
Oct 4, 2012 4:00pm EDT
want to get america and north america energy independent so we can create those jobs. >> if you're bullish on coal, you're going to like this. take a look at how we performed today in the sector. arch coal up almost 8%. alpha natural up almost 7%. utility stocks also higher. wells fargo saying this is a sector that could do well under a romney administration. we have con ed up about 1%. on the flip side, hospital stocks didn't do so well. a romney win doesn't bode as well for obamacare, and hence big hospital stocks fell. you can see here one of the biggest losers in the session. it was a good start for mitt romney, but it is still early. there are two more presidential and one vice presidential debate to go as the campaign heads into the final month before the election. maria, back to you. >> all right, court. thanks so much. so what the rally today really in response to that positive showing by governor romney, or is there something else at work here? joining us right now to talk about it. good to see you all. thanks so much for joining us. michael, what do you think was behin
CNBC
Oct 1, 2012 3:00pm EDT
90 points, two-thirds of 1%. when you look at today's sector leaders, it's energy, financials, health care. all posting sharp gains at this hour. of course, the energy and materials sector were really the pressured sectors going quarter. bill? >> combination of risk on/risk off seconders that are doing well today. no clear direction from that standpoint. we're wondering whether today's market action is a sign of what's to come for the quarter. you saw the statistic earlier that said on average when you have a positive first day of the fourth quarter the dow is up 4% for the quarter. so what's to come this quarter? deborah of "the street" says she feels the market is destined to go higher and points out $22 billion came flooding out of equity mutual funds in the month of august, alone. show she feels that money is going to come flowing back for the investors who feel they missed out on the action, marie w ya. >> is deborah right? could we have this market meltup continue? cnbc contributor abigail doolittle suggests taking money off the table in the face of these gains. deborah, let me
CNBC
Oct 4, 2012 1:00pm EDT
the energy sector right now? president of oil outlooks and opinions is bullish on crude and carl joins me now on the floor of the nyse. michelle made some pretty compelling arguments about why oil should go lower. you're still bullish though. why? >> we're nowhere near the numbers we saw in '06 and '08. if we can get qe3 going, that demand is going to meet what supply we have and probably outpace at some point. >> a lot of people down here feel as though qe3 may do a little bit to help the economy, but that with every quantitative easing we've seen less impact in the economy. it doesn't sound like you quite buy that. >> i mean historically last time we had double digit unemployment it took five years before we really came into it. we're going into the fifth year. qe3 will play right into what happens next. >> how high do you think crude might move if indeed we see a recovery with more traction? >> first off, say next year, $104 to $106 to wti average. how do you get involved? i say something that's going to be international. exon or oil refineries are definitely things you should get into. ni
CNBC
Oct 8, 2012 9:00am EDT
're in the expansion camp, you want financials, energy, materials. in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along
CNBC
Oct 8, 2012 7:00pm EDT
to this earnings season, we need to know two things. we need to know one thing, and that's the importance of energy earnings in this particular season. energy earnings are down 20%, 23% or so. that's a large portion of the decline we see. >> because all prices fell so much. >> that's correct. >> if you take energy out, do you get positive earnings? if you remove apple from the s&p 500, things aren't that good. i'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting
CNBC
Oct 2, 2012 1:00pm EDT
, government decides, you know, the future is green energy and throw a lot of money at any small company that gets in the green energy field that creates a lot of problems. load up on debt. they don't -- they lack market discipline. they expand capacity beyond demand and what you end up with is sol lynn draft. >> so, what could government do effectively to help not the small young companies, necessarily but the smaller, fast-growing companies? what in your article you call the gazelles? >> the gazelles. one thing could you do is think about what growth companies do, they are always expanding, outgrow their office, their factory, what happens when they do that they run into a lot of luke roarcracy, building permits, environmental impact statements. what government can do is clear out the bureaucracy, take a concierge approach. >> let us help you that helps you be local then rather than state or federal right? >> that's right. most of the on obstacles are local. >> feed the gazelles but not with cheap capital government subsidies that causes those growth companies to take their eye off the
CNBC
Oct 4, 2012 2:00pm EDT
a lot of talk about solar energy. part of a problem is the slowdown in solar panels, some of their groups suffering. job cuts unfortunately coming at applied materials. >> time warner cable is getting a pop today. so is our own comcast, by the way. >> very nice. it's been a good year to be a cable company. year to date, up 55%. up .7% today. company expected to report stronger margins in q3 as a result of more cost cutting measures. great year to be a cable company. >> amazing management. >> top executives in the world. >>> pandora. that stock, however, is down today despite rocking listenership numbers? is that even a word? >> you're welcome, pandora. >> listener numbers. >> five-hour commute home last night because of the traffic on the turnpike. >> that's a lot of listenership. >> unfortunately, fatal accident so everyone was stopped. i listened to pandora for hours. i helped the numbers. >> hello, julia. this is kind of your pet. isn't it? >> yes. great to be here. pandora, just released new september numbers, 58 million active listeners. that means the active listener
CNBC
Oct 3, 2012 6:00am EDT
which direction to take the nation. "squawk" will be right back. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and center this week with the jobs report coming out on friday. our guest host this morning runs a company that has several economic indicators all rolled into one. joining us for the remainder of the show with his take on the markets and what's happening in corporate america is jim tisch, and jim, it's great to have you here onset. we were just talking about how you have a lot of different things that really give you a good idea of what's happening in the economy. diamond offshore, what's happening from an energy perspective, you have the luxur
CNBC
Oct 3, 2012 1:00pm EDT
stronger against euro. when that happens usually materials and energies are weaker. that's what's happening today. there's been some collateral damage with other stocks that are suppliers to hp. advanced micromoved down on that news. that's a new three-year low for advanced micro. >> i'm looking for the silver lining. >> we've been moving up for several days in a row right now and are approaching the highs we had a week and a half ago. >> we'll be following jon fortt and bob pisani. ty, back to you. >>> let's drill down on some of the economic issues that are going to come up in tonight's presidential debate. a positive read on jobs ahead of friday's employment report. on the other hand, a bit of a red flag being raised in housing. steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street ec
CNBC
Oct 1, 2012 7:00pm EDT
. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never beenonger. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ . >> three months after supreme court justice moved to the right and passed obama care. pete williams has some details. >> reporter: larry, this is shaping up to be a court term dominated by civil rights beginning with a case that will be argued next week on affirmative action, colleges nationwide use it believing that a more racially diverse campus provides a bett
CNBC
Oct 4, 2012 6:00am EDT
the deficit. >> there were also some notable exchanges about jobs, health care, energy industry subsidies and regulation, all of these things got deeper than some people had been expecting. we'll talk about those topics with john harwood. but if you were watching, as they headed in a 70% -- >> down from 80 the day before. >> right now it's down to about 66% in trade obviously suggesting romney got a big boost. >> mini flash crash. >> among our political guests this morning ready to talk about the road to election today, arianna huffington will be our guest host. huffington "post" obviously has a left bent, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you what i took away from the entire debate because i want to let you say it, but i saw what's possible in a life spent without any alcohol. i saw what i could have possibly been -- i saw how i could have possibly been able to talk if i had all the brain cells that i started with. and that was what i came away with. that
CNBC
Oct 5, 2012 9:00am EDT
governor romney talked about creating 4 million jobs by embracing an energy independence for north america. i have the ceo of the largest pipeline builder on my other show "mad money" last night. he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the tu
CNBC
Oct 2, 2012 9:00am EDT
. the higher open across the board looks like much more "squawk on the street" straight ahead. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh
CNBC
Oct 1, 2012 6:00am EDT
so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> our guest host craig barrett, former chairman and ceo of intel. it's really good to have you. this is like twice in the last three weeks you've been on, isn't it? >> it's a pleasure to be with you guys. >> we'll talk tech, first of all, do you feel total, do you feel like a generation wire? are you totally insync with everything in technology now or do you harbor any resentment to all this new stuff, craig, having been at intel in the glory days? >> hey the beauty of tech is everything changes every year or every six months and t
CNBC
Oct 2, 2012 6:00am EDT
't exploited the full potential, we have alternative source of energy like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a different picture and to me by staying in the european union this is where we should concentrate. it's not how much you value the currency or you divide the labor cost but what kind of economy you are, where you wish to go. >> that's similar to the debate we seem to be having here in the united states. thanks so much for joining us this morning and congratulations on your deal and good luck with it. >> thank you very much. >> thanks for playing, sam. that was helpful. good to have you on the set. >> just look at that shot, crumbling infrastruct
CNBC
Oct 2, 2012 3:00pm EDT
way to go? >> i think he's right on. i think she's a good choice for yahoo!. she's got a lot of energy, a lot of experience. you know, during my tenure, we had talked about personalization, of course mobile, you know, getting more engage ed users. i think she's right on the mark. she's a great gal. >> and the company recently sold its stake in ally baba, returned the cash to shareholders. was that a good move? under your tenure, the relationship was a bit strained, right? >> well, that was a little bit overblown, but we were actually working a long time to figure out the valuation and how to do this, at one time we had hoped, tax free. i'm very proud of the team, including my ex-cfo. they really put together a good plan with alibaba. which ever way they do it, probably share buy back, i actually have no idea, that's good for the shareholders. >> you know, it seems to me that it's a real crux or sort of a dilemma that you face when you're in technology and sort of a proponent of, you know, information flow across the world and dealing with a government that withholds information. how do
CNBC
Oct 8, 2012 2:00pm EDT
acquisition. coming up on closing bell, we'll take a look at some of the standouts in the energy and utilities sector. now it will be really interesting to see what happens to health care stocks post the election. >> they have been soaring. it is an excellent report but i have to correct you on something. can you not say fat dividend. it is obese or overweight dividend. it is not politically correct. seema, thank you. >>> eyeing a monopoly. we were fascinated by the "60 minutes" piece on how just one company makes nearly every single pair of glasses on planet earth. can anybody else compete? we're going to speak with a guy trying to compete. >>> but up next, why this ad may be breaking facebook's social mission. it is an interesting story. stick around. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support
Search Results 0 to 21 of about 22